Investments
Predictions for 2013
Growth capital, buyouts, public and private exits, secondaries and new frontiers – private equity professionals from Asia and beyond predict the future
China wine funds: Sour grapes?
Wealthy Chinese may recognize wine’s investment potential, but inexperience, taxation issues and limited access to top-tier vineyards means many domestic wine funds often promise more than they can deliver
Composition Capital invests in four Asian projects
Composition Capital Partners has invested in four projects in Macau, Taiwan and Malaysia through its local joint venture partners. The property-focused investor has also exited a Tokyo office development within a year of acquisition.
Cleantech: Moving beyond subsidies
With its reputation for lackluster returns and dependence of government support, investors have shied away from cleantech, but GPs are bullish about its ability to stand on its own feet
Tata Capital acquires stake in Pluss Polymers
Tata Capital has acquired a stake in Pluss Polymers for INR150 million ($2.7 million). The investment was made through the Tata Capital Innovations Fund and is intended to help the company, a specialized polymer maker, to further its R&D and manufacturing...
Sequoia, Canaan Partners invest $6.3m in Adnear
Sequoia Capital and Canaan Partners have invested INR350m ($6.3 million) in AdNear, a location-based mobile advertising platform, in a Series A round of funding.
Beyond banks: Alternative financing in India
Recognizing India’s demand for financial products that involve more than just equity, traditional PE firms are targeting structured credit, joining distressed players that used to call the territory their own.
IDFC Alternatives invests $18m in Manipal Servicecorp
IDFC Alternatives has invested INR1 billion ($18million) in Manipal Servicecorp, a Manipal Group subsidiary that offers housekeeping and catering services to student hostels.
Patni brothers buy stake in Grameen Capital India
Amit and Arihant Patni, the brothers who set up internet-focused VC firm Nirvana Venture Advisors, have acquired a stake in Grameen Capital India (GCI) from its original investor IFMR Trust. The transaction is said to represent a first-of-its-kind exit...
CDC to invest $1b in India via LP, direct commitments
CDC Group, the UK government’s development finance arm, plans to commit $1 billion to India over the next 4-5 years, with nearly half of it coming through direct investment. The projection is in line with a wider adjustment in CDC’s mandate that will...
Everstone, ICICI invest $23.5m in Sohan Lal Commodity
Everstone Capital and ICICI Bank's Emerging India Fund (EIF) have jointly invested INR1.3 billion ($23.5 million) in Sohan Lal Commodity Management as part of a Series C round of funding. The two investors now own stakes of 25.55% and 6.93%, respectively.
Cross-border deals complicate the 'regional fund vs country fund' debate - AVCJ Forum
As GPs become more efficient at cross-border deals and invest across wider areas, industry participants say the regional funds versus country funds debate is becoming less clear cut.
China to remain world's leading emerging market – AVCJ Forum
Asia – and China in particular – will remain the preeminent emerging markets destination for private equity despite moderating growth and increased competition for deals, GPs told the AVCJ Forum.
Warburg Pincus backs India’s Future Capital
Warburg Pincus' investment in Future Capital Holdings probably wasn’t the first private equity deal conceived on an evening flight from New Delhi to Mumbai and it almost certainly won’t be the last.
GPs see strong Asia deal flow despite macro headwinds - AVCJ Forum
Asia's leading PE investors remain bullish about investment prospects in the region despite an increasingly challenging macro environment and a weak public exits market.
Bain Capital wins Firm of the Year at 2012 AVCJ Awards
12th AVCJ Asia Awards: CVC’s Roy Kuan named PE Professional of the Year; Morgan Stanley Private Equity Asia takes Private Equity Deal of the Year; Inter-Asia’s Lewis Rutherfurd wins special achievement honor
Nomura launches private equity index
Japanese investment bank Nomura claims to have launched the world's first daily investable private equity index.
ChrysCapital, CX Partners buy minority stake in KPIT Cummins
ChrysCapital and CX Partners have purchased a stake in Indian IT firm KPIT Cummins Infosystems by investing INR1.6 billion ($30 million) in a preferential allotment of 12.9 million shares.
PE & PR: Private equity’s public face
Private equity is more entrenched and better understood in some Asian markets than others. What do the various stakeholders - entrepreneurs, government, media, public - make of the asset class?
Asia buyouts: The privatization play
Take-private transactions have created headlines in a climate of low public market valuations. Companies are being targeted in Australia, Japan and the US, but a bid doesn’t necessarily result in a deal
Warburg Pincus increases stake in Future Capital to 68.4%
Warburg Pincus has increased its stake in India financial services firm Future Capital Holdings to 68.4% after acquiring an additional 24.43% stake for INR2.7billion.
Sequoia India invests $6.1m in pathology chain
Sequioa Capital has invested INR400million ($7.5 million) in Indian pathology services provider Suburban Diagnositic for a 30% stake.
PE investors inject $50m into Huaxia Dairy
Olympus Capital has led a group investors including California Technology Ventures, Herostar Holdings and Grand River Capital in committing $50 million stake in Chinese milk producer Huaxia Dairy Farm.
ClearVue leads $20m round for Chinese beauty brand
Lumi, a leading nutritional beauty products firm in China, has raised RMB120 million ($20 million) of Series B funding led by ClearVue Partners. Fidelity, JAFCO and Capvent also participated in the round, along with existing shareholder, DCM.